The North America Integrated Passive Devices Market would witness market growth of 10.5% CAGR during the forecast period (2022-2028).
Thin and thick film methods, as well as other integrated circuit processing steps or modifications (such as using thicker or different metals than aluminum or copper), are employed in the production of IPDs. Integrated passives can be found as ordinary parts or as specially created (for a particular purpose) devices. The need for integrated passive devices has expanded as a result of the rising use of smart consumer handheld devices and other electronic goods like laptops and mobile phones.
A significant reason boosting the demand for IPDs in the industry is the continual need for these devices to be made smaller. Because many features must be crammed into a smaller space, smartphones, for example, have seen strong demand. This rising utilization has been noted as a result of the IPD's several advantages, including its smaller package footprint, higher performance, increased reliability, and easier connecting capabilities.
Modern life depends on technologies built on semiconductor technology. The development of semiconductors has paved the way for new applications for the products and services that rely on them, spawning new businesses and sectors that will benefit both American consumers and workers as well as the economy. Modern semiconductor technology is also essential to defense systems and the military might of the United States, and because semiconductor devices are so widely used, maintaining their integrity is crucial to reducing cybersecurity risk.
The US market dominated the North America Integrated Passive Devices Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $782.9 Million by 2028. The Canada market is poised to grow at a CAGR of 13% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12% during (2022 - 2028).
Based on Application, the market is segmented into Electrostatic discharge/electromagnetic interference (ESD/EMI) Protection, Radio Frequency LED Lighting and Digital & Mixed-Signal. Based on End User, the market is segmented into Automotive, Consumer Electronics, Healthcare and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Integrated Passive Devices Market is Predict to reach $3.6 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include STMicroelectronics N.V., Infineon Technologies AG, Jiangsu Changjing Electronics Technology Co., Ltd., Amkor Technology, Inc., Taiwan Semiconductor Manufacturing Company Limited, ON Semiconductor Corporation, Murata Manufacturing Co., Ltd., Johanson Technology, Inc., and OnChip Devices, Inc.
By Application
By End User
By Country
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